Record profits for Bayern Munich

Bundesliga champion Bayern Munich has announced the best financial results in the club’s history.

The turnover for FC Bayern München AG group (consolidated accounts for FC Bayern München AG, Allianz Arena München Stadion GmbH and all other subsidiaries) surpasses the previous year’s €523.7 million by more than €100 million to a new best-mark of €626.8 million.

That is an increase of about 20 percent for the German club. The operating profit (Ebitda) increased by an even greater margin, rising 28 percent from €111.3 million to €142.5 million.

“The 2015/16 fiscal year has been fantastic for FC Bayern, in terms of both sports and finances. Our members, staff and friends of the club can be very proud,” declared FC Bayern deputy chairman Jan-Christian Dreesen.

Profit before tax rose to €53.9 million (2014/15: €31.4 million) and profit after tax stood at €33.0 million (2014/15: €23.8 million), unprecedented in the 115-year history of the club. FC Bayern is in the black for the 24th year in a row